New Stock News | Yishiwei's calculation of Hong Kong IPO and "full circulation" of domestically unlisted shares have been approved by the China Securities Regulatory Commission.

On June 18th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Filing of Overseas Issuance and Listing of Beijing East-West Calculating Technology Co., Ltd. and the Transformation of Unlisted Shares in Domestic Market to "Full Circulation" of Overseas Listed Shares" . East-West Computing plans to issue up to 2,465,240,000 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. 49 shareholders of the company plan to convert a total of 8,585,990,770 shares of unlisted domestic market shares into overseas listed shares and list on the Hong Kong Stock Exchange for circulation. The prospectus shows that East-West Computing is a leader in the intelligentization of everything in the AI era, focusing on two core application scenarios of smart terminals and embodied intelligence. It adopts the new generation RISC-V computing architecture, innovative domain-specific algorithms and IP modules, and builds an efficient open software and hardware platform to provide highly competitive system-level solutions to global customers. East-West Computing is expected to become the first stock of the third pole of the global computing architecture- RISC-V, which is rising strongly. According to data from Frost & Sullivan, East-West Computing has become the provider with the largest number of China's RISC-V main control mass production solutions until 2024; based on the relevant income in 2024, East-West Computing is the largest RISC-V full custom solution provider in China. As of December 31, 2024, the company has successfully commercialized over 100 system-level solutions, covering the two major application scenarios of smart terminals and embodied intelligence, and serving over 100 customers globally. The names of the "Full Circulation" shareholders and the conversion quantities are as follows: